He worries about all the bad things that could come about and can't see any of the good things that exist. It's like going to a restaurant that's crowded because of the good food and hearing his complaints about the long wait to get a table.

Thanks for the siegel article. I hadn't seen it. I wish that I could write as well as he can. His book helped me to understand that most investors are underdiversified with the foreign markets. He changed my investing attitude toward them. I hold more of them now than ever before; maybe as much as the high 30's as a percentage of my stock portion of my portfolio. I may increase that percentage sooner rather than later. He advocates, I think, in the neighborhood of 40% now.

How do you think COH got so overpriced? Take out the people who bought it on margin and you've got some serious selling. Sure there are people who don't buy on margin, but margin impacts the markets. http://bigpicture.typepad.com/comments/2007/01/margin_debt_up_.html It's near record levels. You don't think is cause for concern for the people are utilizing it and their stocks are falling? It flowed into high flyers like COH and it will flow out just as quick.

You obviously didn't understand the part in there about momentum investors "investing" in stuff because they want on the bandwagon. I think that sums it up in COH perfectly! More of these "investors" will be dumping as their margin calls come due, furthering downward pressure on the overpriced stock.

Yahoo! Finance Worldwide

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.